Jemma Waves worked as an accountant at a local accounting firm for five years after graduating from college. She recently opened her own accounting practice, which she operates as a corporation. The name of the new entity is Waves and Associates, Inc. Jemma experienced the following events during the first month of operations. Some of the events were personal and did not affect the accounting practice. Others were business transactions and should be accounted for by the business. (Click the icon to view the events.) Read the requirements Requirement 1. Enter each transaction in the expanded accounting equation of Waves and Associates, Inc., as needed, calculating new balances after each transaction. Of a box is not used in the transaction, leave the box empty, do not enter a zero. If an event does not affect the accounts of the business, leave the entire transaction line blank Carry down all balances, including zero balance accounts Enter decreases with a minus sign or parentheses. Note the following abbreviations used in the accounting equation tables: AR Accounts receivable, AP Accounts payable, and Cd Common stock.) Apr 3: Received $25,000 cash proceeds from refinancing her house. Bal Assets Liabilities Cash . AR Supplies Furniture AP CS 31 . Demodocs example Get more help- Stockholders' equity Retained earnings Revenue Expense Dividends Clear all Check answer